DB Securities Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	79,295	50,105	6,170	-77.39	117,284	96,415	Upgrade
Depreciation & Amortization, Total	17,632	16,705	15,673	13,091	11,323	9,583	Upgrade
Gain (Loss) On Sale of Investments	-56,629	-33,463	-73,281	84,328	-7,517	-33,079	Upgrade
Change in Other Net Operating Assets	572,620	22,347	248,161	261,933	-952,256	1,683,982	Upgrade
Other Operating Activities	-211,075	-267,962	-217,218	-266,234	-100,280	-98,547	Upgrade
Operating Cash Flow	-832,752	-185,984	-7,341	-116,571	-197,243	309,103	Upgrade
Capital Expenditures	-5,286	-4,139	-1,473	-3,687	-6,842	-2,665	Upgrade
Sale (Purchase) of Intangibles	-3,090	-3,720	-3,363	-9,375	-5,374	-2,805	Upgrade
Investment in Securities	-495,724	-366,685	-57,505	-3,500	-4,686	-90	Upgrade
Other Investing Activities	684.55	23.65	533.17	2,705	-4,511	-6,848	Upgrade
Investing Cash Flow	-507,146	-376,272	-64,443	-13,857	-22,750	-12,408	Upgrade
Short-Term Debt Issued	-	-	100,000	-	-	30,000	Upgrade
Long-Term Debt Issued	-	550,566	400,576	283,567	28,412,366	28,372,331	Upgrade
Total Debt Issued	17,900,715	550,566	500,576	283,567	28,412,366	28,402,331	Upgrade
Short-Term Debt Repaid	-	-	-	-40,000	-	-	Upgrade
Long-Term Debt Repaid	-	-	-346,339	-	-28,025,738	-28,634,169	Upgrade
Total Debt Repaid	-16,474,957	-	-346,339	-40,000	-28,025,738	-28,634,169	Upgrade
Net Debt Issued (Repaid)	1,425,758	550,566	154,237	243,567	386,629	-231,838	Upgrade
Repurchase of Common Stock	-5,818	-3,578	-	-4,295	-	-	Upgrade
Dividends Paid	-16,222	-8,557	-7,334	-21,249	-12,965	-10,893	Upgrade
Other Financing Activities	-23,820	-28,076	3,258	-5,760	-2,993	-2,817	Upgrade
Financing Cash Flow	1,379,898	510,355	150,160	212,263	370,671	-245,548	Upgrade
Foreign Exchange Rate Adjustments	377.49	361.74	343.28	-612.24	978.64	-639.36	Upgrade
Net Cash Flow	40,378	-51,540	78,720	81,223	151,657	50,507	Upgrade
Free Cash Flow	-838,038	-190,123	-8,814	-120,258	-204,085	306,438	Upgrade
Free Cash Flow Margin	-60.89%	-19.79%	-1.05%	-11.58%	-16.01%	21.34%	Upgrade
Free Cash Flow Per Share	-20866.04	-4677.64	-216.14	-2935.27	-4926.14	7396.72	Upgrade
Cash Interest Paid	231,030	247,406	238,526	136,796	103,400	83,166	Upgrade
Cash Income Tax Paid	19,563	7,563	4,145	59,138	16,710	23,310	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.